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20121002
20121010
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jim is here with me. >> thank you. >> need extra reinforcements. and they don't come any better than having you on this morning. we had spanish unemployment out this morning and i know we have to talk china and australia, but on your travels at the moment, what do you think of the rather nonlinear as you put it in your notes, this nonlynn krer progress where we're at, the ecb waiting. economics is getting worse. >> well, actually, let me start with the last point you made. and the very latest marginal information, yesterday's pmi -- >> slightly better than the flash number. >> spanish unemployment number is almost definitely a bit of a lagging indicator. the bounce in italy in particular was interesting and a further modest improvement in spain. the level of spain and italy's pmi is now higher, so everybody is highly focused on the spanish thing, but surely it's gist a matter of when they are in a program. i'm not sure if it's the big cutting edge story anymore. >> italian paper is going to give some of the best returns this year. 20%. >> you know, the underlying thing i believe post
should have been in half an hour ago. so if you didn't make it, you're not going. jim o'neill wasn't applying, scott mcdonald wasn't applying either. i didn't get mine in. so never mind. stick here. also coming up, we'll be heading to new delhi to hear how undoing regulatory requirements could boost investments. details from one of the author of the quarterly cfo survey. and also president chavez is fig celebrating a hard-fought victory. if you have any thoughts, comments, whatever you like, e-mail us worldwide@cnbc.com or tweet @cnbcwex or @rosswestgate. first we'll turn our attention to china. analysts say there is hope the mainland services sector can help offset weakness in the manufacturing side. hsbc also says early easing measures and stronger consumption demand may have helped world bank is warning it needs to brace for slow growth. it's their slowest pace since 2001. it's because of the exposure to china which also had its outlook cut. joining uses for more, norman chan. norm, good to see you. the world bank downgrade just seems to be catching up with where everybody else
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